The global pharmacy automation market size was USD 5.4 Billion in 2022 and is expected to register a revenue CAGR of 9% during the forecast period. Increasing patient safety concerns and rising demand for medication inventory management and efficient and error-free medication dispensing operations are major factors driving market revenue growth. Revenue growth of the market for pharmacy automation is driven by rapid development of medical technology as well as rising use of Electronic Health Records (EHRs) and Electronic Prescription (e-Prescribing).

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The global Bag On Valve Products market is forecasted to grow at a rate of 6.7% from USD 6.44 billion in 2019 to USD 10.49 billion in 2027. Growing demand for BOV products from various application industries, including personal care, household care, pharmaceuticals, food and beverages, and the like, is believed to drive market growth.

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